Renesas Technology Corp
Renesas Technology Corp. designs and manufactures highly integrated semiconductor system solutions for mobile, automotive and PC/AV markets. Established on April 1, 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503) and headquartered in Tokyo, Japan, Renesas Technology is one of the largest semiconductor companies in the world and the number one microcontroller supplier globally. Besides microcontrollers, Renesas Technology offers system-on-chip devices, Smart Card ICs, mixed-signal products, flash memories, SRAMs and more.
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Wall Street broke the four-day run of gains overnight as a higher-than-expected US Producer Price Index in November raised concerns on inflation. Asian markets ended mixed Tuesday. China's Shanghai Composite and Hong Kong's Hang Seng Index fell after China's State Council said it plans to cool the rapidly rising residential property prices in some cities.
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